Leased Restaurant and Bar
For Sale
$3,295,000
2-404 Southard St, Key West, FL 33040
Large restaurant and bar is currently rented on a triple-net basis with more than three years remaining on the lease.
Property SizeContact for details
Days on Market94
Property Features for 2-404 Southard St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$17,309
Building Details
Year Renovated
2005
Listing Agency:
Key West Luxury Real Estate Inc (KW)
Listed By:
Darrin N Smith · License #3291885
(305) 849-8683
Source:
Exprealty
Added: Jun 5
Changed: Aug 20
Last Checked: Sep 5 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key West Luxury Real Estate Inc (KW)
Investment Insights
Based on property information with market context.
This large restaurant and bar is currently rented on a triple-net basis, with over three years remaining on the lease. The property has an effective rebuild date of 2005, and the present tenant may be negotiable.
Located in the heart of downtown Key West, the offering benefits from an established presence in a high-visibility, central setting.
For buyers seeking a leased, NNN structure, this property is presented with in-place occupancy and a remaining lease term exceeding three years.
Located in the heart of downtown Key West, the offering benefits from an established presence in a high-visibility, central setting.
For buyers seeking a leased, NNN structure, this property is presented with in-place occupancy and a remaining lease term exceeding three years.
Key Highlights
- Large restaurant and bar currently rented on a triple‑net basis for $18,000 NNN per month
- Lease has over three years remaining
- Effective rebuild date of the building is 2005
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,930
Businesses Nearby
110k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Hotels & Casinos 19%
Groceries 17%
Shops & Services 16%
La Concha Key West
Hotels & Casinos
20,542 visits/mo
0.3 miles
Wendy's
Dining
19,101 visits/mo
0.3 miles
Circle K
Shops & Services
13,410 visits/mo
0.5 miles
Fausto's Food Palace
Groceries
10,002 visits/mo
0.3 miles
River Street Sweets
Groceries
8,601 visits/mo
0.3 miles
Demographics for 33040, FL
35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Seaside Cafe at the Mansion — 1400 Duval St, Key West, FL 33040
- The VIP Gentlemen's Club — 1221 Duval St, Key West, FL 33040
- Southernmost Point Bar — 1327 Duval St, Key West, FL 33040
- Milagro Restaurant and Bar — 1401 Simonton St, Key West, FL 33040
- Tipsy Rooster Liquor Store & Bar — 1325 Simonton St, Key West, FL 33040
Frequently Asked Questions
What type of property is this?
Bar & Pub - Large restaurant and bar is currently rented on a triple-net basis with more than three years remaining on the lease.
Where is this bar & pub located?
The property is located at 2-404 Southard St Key West, FL.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Large restaurant and bar currently rented on a triple‑net basis for $18,000 NNN per month; Lease has over three years remaining; Effective rebuild date of the building is 2005
